SPDR Russell 1000 Low Volatility Focus ETF
ALTAR
Score™
6.8% info Recommen-
dation
OVERWEIGHT
2020E    2021E
P/E
ratio
19.9x P/Sales
ratio
1.2x
P/BV
ratio
2.5x Div.
yield
2.1%


  • Description
  • Performance
  • Comps
  • premium Fundamentals
  • premium Valuation
  • premium Rating
The SPDR Russell 1000 Low Volatility Focus ETF tracks an index of large-cap stocks from the Russell 1000 Index, selected and weighted by four factors (value, quality, small size and low volatility) that are scaled by market cap.

FUND BASICS
Category US Equities
Fund Sponsor State Street Global Advisors
Website www.spdrs.com
Inception date Dec 01, 2015
Assets (mns) $419
Currency USD
Expense ratio 20 bp
Distributions Quarterly

FUND STRUCTURE
Regulation Open-End Investment Company
Custodian State Street Bank & Trust
Weighting Multi-Factor
Index replication
Uses derivatives No
Options available No

SECTOR BREAKDOWN

 


CONSTITUENT BREAKDOWN
No. of constituents 458
Wgt avg mkt cap (mns) $17,198
Large cap (>$10bn) 64.7%
Mid cap ($2-10bn) 34.8%
Small cap (<$2bn) 0.3%
Developed mkts 100.0%
Emerging mkts 0.0%

TOP TEN HOLDINGS
COGNIZANT TECH SOLUTIONS-A 1.3 %
HP INC. 1.3 %
PROGRESSIVE CORP 1.0 %
SOUTHWEST AIRLINES CO 0.8 %
MCKESSON CORP 0.8 %
CDW CORP/DE 0.8 %
MAXIM INTEGRATED PRODUCTS 0.8 %
CUMMINS INC 0.7 %
CINCINNATI FINANCIAL CORP 0.7 %
CERNER CORP 0.7 %
Total 8.9 %

TOP COUNTRY EXPOSURE
UNITED STATES 94.9 %
IRELAND 2.3 %
BERMUDA 1.5 %
BRITAIN 0.5 %
SWITZERLAND 0.3 %
CHINA 0.2 %
CAYMAN ISLANDS 0.1 %
LUXEMBOURG 0.0 %



HISTORICAL PERFORMANCE info

  Custom date range Compare to  
  thru


Standardized Annual Returns (thru September 30)
Year-to-date 1 year 5 years 10 years Since Incep.
-8.3% -2.4% -- -- 9.5%

Market Correlations
versus... Beta R-squared
S&P500 1.01 92%
MSCI EAFE 1.06 84%
MSCI Emg. Mkts. 0.76 67%

Technical Indicators
Recent close $80.90
30d moving avg. $79.64
Annualized volatility 18.7%
Short interest (ETF) 0.0%
Short interest (Underlying) 4.1%
Relative strength (RSI) 54

Liquidity measures
Avg. volume (thou.) 56
Turnover 1.1%
Bid/Ask (% of price) 0.10%
ADV underlying (mns) $39,024

Distributions


FINDING ALTERNATIVE FUNDS

Below is a list of 100 potential alternatives to the SPDR Russell 1000 Low Volatility Focus ETF ETF based on the alternatives' overlap in portfolio holdings with ONEV. Consider funds with lower expense ratios and/or higher ALTAR Score™ ratings as possible alternatives.

Benchmark ticker: ONEV Expense: 20 bp ALTAR Score™: 6.8%


ALTERNATIVE ETFs BASED ON OVERLAP WITH ONEV
Ticker Fund
Name
Overlap1
vs ONEV
(%)
Expense
ratio
(bp)
Savings
vs ONEV
(bp)
ALTAR
Score™
(%)
ALTAR
vs ONEV
(%)
DEUS Xtrackers Russell 1000 Comprehensive Factor ETF 64.8 17 3 6.3 -0.5
ONEO SPDR Russell 1000 Momentum Focus ETF 56.9 20 0 6.3 -0.5
JPME JPMorgan Diversified Return U.S. Mid Cap Equity ETF 52.4 24 -4 6.0 -0.8
JHMM John Hancock Multifactor Mid Cap ETF 50.5 42 -22 5.4 -1.4
IWS iShares Russell Mid-Cap Value ETF 50.4 24 -4 6.8 +0.1
IWR iShares Russell Midcap ETF 49.7 19 1 5.4 -1.4
USEQ Invesco Russell 1000 Enhanced Equal Weight ETF 46.4 29 -9 6.7 -0.1
BKMC BNY Mellon US Mid Cap Core Equity ETF 45.8 4 16 5.2 -1.6
CFA VictoryShares US 500 Volatility Weighted Index ETF 43.5 35 -15 5.6 -1.2
CFO VictoryShares US 500 Enhanced Volatility Weighted Index ETF 43.5 35 -15 5.6 -1.2
TPLC Timothy Plan US Large Cap Core ETF 43.2 52 -32 5.2 -1.6
USLB Invesco Russell 1000 Low Beta Equal Weight ETF 40.9 35 -15 5.3 -1.5
RSP Invesco S&P 500 Equal Weight ETF 40.3 20 0 6.4 -0.4
ONEY SPDR Russell 1000 Yield Focus ETF 39.7 20 0 8.8 +2.0
SIZE iShares MSCI USA Size Factor ETF 39.2 15 5 6.0 -0.8
EUSA iShares MSCI USA Equal Weighted ETF 38.9 15 5 6.0 -0.8
JPUS JPMorgan Diversified Return U.S. Equity ETF 38.9 18 2 6.1 -0.7
PQLC PGIM QMA Strategic Alpha Large-Cap Core ETF 38.6 17 3 6.7 -0.1
RVRS Reverse Cap Weighted U.S. Large Cap ETF 38.3 29 -9 7.4 +0.6
GSEW Goldman Sachs Equal Weight U.S. Large Cap Equity ETF 37.6 9 11 5.9 -0.9
VO Vanguard Mid-Cap Index Fund 37.2 4 16 5.1 -1.7
EQAL Invesco Russell 1000 Equal Weight ETF 37.0 20 0 5.8 -1.0
SCIU Global X Scientific Beta US ETF 36.9 19 1 0.0 -6.8
FLQM Franklin LibertyQ U.S. Mid Cap Equity ETF 36.7 30 -10 5.5 -1.3
SCHM Schwab U.S. Mid-Cap ETF 36.0 4 16 5.9 -0.9
OMFL Invesco Russell 1000 Dynamic Multifactor ETF 36.0 29 -9 9.2 +2.4
ROUS Hartford Multifactor US Equity ETF 34.2 19 1 6.4 -0.4
RNLC Large Cap US Equity Select ETF 33.0 60 -40 6.0 -0.8
VOE Vanguard Mid-Cap Value Index Fund 32.9 7 13 7.5 +0.7
FAB First Trust Multi Cap Value AlphaDEX Fund 32.7 71 -51 9.4 +2.6
LRGF iShares Edge MSCI Multifactor USA ETF 32.6 20 0 7.1 +0.3
DON WisdomTree U.S. MidCap Dividend Fund 32.5 38 -18 7.4 +0.6
FEX First Trust Large Cap Core AlphaDEX Fund 32.1 60 -40 5.8 -1.0
STMB iShares Factors US Mid Blend Style ETF 31.5 30 -10 5.6 -1.2
JMIN JPMorgan U.S. Minimum Volatility ETF 30.8 12 8 5.4 -1.4
JKI iShares Morningstar Mid-Cap Value ETF 29.8 30 -10 8.8 +2.0
JVAL JPMorgan U.S. Value Factor ETF 29.2 12 8 8.3 +1.5
ACWF iShares FactorSelect MSCI Global ETF 29.2 35 -15 7.9 +1.1
TUSA First Trust Total US Market AlphaDEX ETF 29.2 70 -50 5.6 -1.2
AFLG First Trust Active Factor Large Cap ETF 29.1 55 -35 5.3 -1.5
RBUS Nationwide Risk-Based U.S. Equity ETF 28.9 30 -10 4.6 -2.2
FTA First Trust Large Cap Value AlphaDEX Fund 27.9 60 -40 9.0 +2.2
JHML John Hancock Multifactor Large Cap ETF 27.6 29 -9 5.4 -1.4
VALQ American Century STOXX U.S. Quality Value ETF 26.7 29 -9 8.9 +2.1
DYNF BlackRock U.S. Equity Factor Rotation ETF 26.6 30 -10 6.5 -0.3
AMCA iShares Russell 1000 Pure U.S. Revenue ETF 26.2 15 5 6.7 -0.1
EXT WisdomTree U.S. Total Earnings Fund 26.0 28 -8 5.4 -1.4
JQUA JPMorgan U.S. Quality Factor ETF 25.9 12 8 5.3 -1.5
USMF WisdomTree U.S. Multifactor Fund 25.7 28 -8 5.8 -1.0
FLQL Franklin LibertyQ U.S. Equity ETF 25.4 15 5 6.1 -0.7
VONV Vanguard Russell 1000 Value Index Fund 25.2 8 12 6.9 +0.1
PSM Principal U.S. Small-MidCap Multi-Factor Core Index ETF 25.2 20 0 9.1 +2.3
SMMD iShares Russell 2500 ETF 25.1 15 5 5.6 -1.2
JKG iShares Morningstar Mid-Cap ETF 25.1 25 -5 5.2 -1.6
IWD iShares Russell 1000 Value ETF 25.1 19 1 6.8 +0.0
ULVM VictoryShares USAA MSCI USA Value Momentum ETF 25.0 20 0 7.5 +0.7
REVS Columbia Research Enhanced Value ETF 24.3 19 1 7.7 +0.9
IWP iShares Russell Mid-Cap Growth ETF 24.2 24 -4 2.9 -3.9
MFUS PIMCO RAFI Dynamic Multi-Factor U.S. Equity ETF 24.1 29 -9 5.9 -0.9
QSY WisdomTree U.S. LargeCap Value Fund 24.0 38 -18 6.6 -0.2
VB Vanguard Small-Cap ETF 24.0 5 15 5.2 -1.6
SCHV Schwab U.S. Large-Cap Value ETF 23.8 4 16 6.8 -0.0
ETHO Etho Climate Leadership U.S. ETF 23.7 47 -27 4.3 -2.5
FSMD Fidelity Small-Mid Factor ETF 23.7 29 -9 6.2 -0.6
GSLC Goldman Sachs ActiveBeta U.S. Large Cap Equity ETF 23.6 9 11 5.4 -1.4
VUSE Vident Core US Equity Fund 23.5 48 -28 8.8 +2.0
QARP Xtrackers Russell 1000 US Quality at a Reasonable Price ETF 23.4 19 1 6.0 -0.8
BFOR Barron's 400 ETF 23.3 65 -45 6.4 -0.4
JDIV JPMorgan U.S. Dividend ETF 23.2 12 8 7.7 +0.9
SFYX Sofi Next 500 ETF 23.0 0 20 5.7 -1.1
RNMC Mid Cap US Equity Select ETF 22.9 60 -40 7.4 +0.6
EZM WisdomTree U.S. MidCap Earnings Fund 22.9 38 -18 8.6 +1.8
FNX First Trust Mid Cap Core AlphaDEX Fund 22.4 61 -41 6.3 -0.5
IUS Invesco Strategic US ETF 22.3 19 1 6.4 -0.4
IUSV iShares Core S&P U.S. Value ETF 22.3 4 16 7.4 +0.6
AVUS Avantis U.S. Equity ETF 22.2 15 5 5.5 -1.3
QRFT Qraft Ai-Enhanced U.S. Large Cap ETF 22.2 75 -55 3.8 -3.0
BBMC JPMorgan BetaBuilders U.S. Mid Cap Equity ETF 22.0 7 13 5.1 -1.7
MIDF iShares Edge MSCI Multifactor USA Mid-Cap ETF 21.8 25 -5 7.5 +0.7
QUS SPDR MSCI USA StrategicFactors ETF 21.7 15 5 5.8 -1.0
VOOV Vanguard S&P 500 Value ETF 21.7 10 10 7.2 +0.4
VBR Vanguard Small Cap Value Index Fund 21.5 7 13 7.9 +1.1
AFMC First Trust Active Factor Mid Cap ETF 21.3 65 -45 6.2 -0.6
USDY Pacific Global US Equity Income ETF 21.3 29 -9 7.0 +0.2
VFQY Vanguard U.S. Quality Factor ETF 21.1 13 7 6.3 -0.5
TPHD Timothy Plan High Dividend Stock ETF 21.1 52 -32 7.3 +0.5
FNDB Schwab Fundamental U.S. Broad Market Index ETF 21.0 25 -5 6.7 -0.1
FNDX Schwab Fundamental U.S. Large Co. Index ETF 21.0 25 -5 6.6 -0.2
IVOO Vanguard S&P Mid-Cap 400 ETF 21.0 10 10 6.2 -0.6
MDY SPDR S&P Midcap 400 ETF Trust 20.9 23 -3 6.2 -0.6
IJH iShares Core S&P Mid-Cap ETF 20.9 5 15 6.4 -0.4
SPMD SPDR Portfolio Mid Cap ETF 20.9 5 15 6.4 -0.4
BLES Inspire Global Hope Large Cap ETF 20.9 52 -32 6.6 -0.2
PRF Invesco FTSE RAFI US 1000 ETF 20.9 39 -19 6.7 -0.1
VFVA Vanguard U.S. Value Factor ETF 20.8 14 6 10.8 +4.0
JHMI John Hancock Multifactor Industrials ETF 20.8 40 -20 5.6 -1.2
RNDV US Equity Dividend Select ETF 20.8 50 -30 7.8 +1.0
SPYV SPDR Portfolio S&P 500 Value ETF 20.7 4 16 7.3 +0.5
PSET Principal Price Setters Index ETF 20.7 15 5 4.8 -2.0
IVE iShares S&P 500 Value ETF 20.7 18 2 7.1 +0.3

1Overlap is the percentage of holdings by weight that are identical. For example, if Fund A has a 2% position in Apple, Inc. (AAPL) and Fund B has a 5% position, their overlapping position in AAPL is 2%.

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RESULTS & ESTIMATES

  2015 2016 2017 2018 2019 2020E 2021E
Sales per share ** ** ** ** ** ** **
Earnings per share ** ** ** ** ** ** **
Dividends per share info ** ** ** ** ** ** **
Book value per share ** ** ** ** ** ** **

 

Sales per share growth   **% **% **% **% **% **%
EPS growth   **% **% **% **% **% **%

Sales per share growth   **% **% **% **% **% **%
EPS growth   **% **% **% **% **% **%

OTHER FUNDAMENTAL METRICS

Long term EPS growth est. **%   Debt-to-equity **x
Asset turnover **%   Assets-to-equity **x

Return on equity

Revision activity*
*Six months ago = 100

Net margins

Compound annual growth rates

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VALUATION METRICS
  2019 2020E 2021E
Price-to-sales ** ** **
Price-to-earnings ** ** **
Price-to-cash flow ** ** **
Price-to-growth ** ** **
Price-to-book value ** ** **
Yield ** ** **

Historical valuation trends

Forward
multiple:
SPDR Russell 1000 Low Volatility Focus ETF
Relative
to:
S&P500 MSCI EAFE MSCI Emg. Mkts. Other ETF:

OVERWEIGHT

Above average appreciation potential. A rating of OVERWEIGHT is assigned to ETFs with ALTAR Scores in the 4th quintile (ranking higher than 60%-80%) of their category. Typically, funds in this category consist of stocks trading at attractive valuations and/or having above-average fundamentals.

ALTAR Score™


Calculation of ALTAR Score™
Avg. Return on Equity 16.1 %
Divided by: Fwd. P/BV 2.3 x
Less: Expense ratio 20 bp
Equals: ALTAR Score 6.8 %
info More information on ALTAR Score™

MODERN PORTFOLIO THEORY info

CONSENSUS RECOMMENDATIONS: FUND CONSTITUENTS
COMPOSITE
RATING
1.64 CATEGORY
AVERAGE
1.51
 
The composite rating is a weighted average of analysts' consensus recommendations for individual ETF constituents, based on the following scale:

BUY = 1; OVERWEIGHT = 1.5, HOLD = 2; UNDERWEIGHT = 2.5; and SELL = 3.

Readers are cautioned that because analyst ratings tend to be inflated, the composite score may be more useful as a relative measure of sentiment between funds rather than as a stand-alone recommendation.
 

 

See RATING tab for calculation of ALTAR Score™
Risk & reward. Uses std. dev. as proxy for risk, ALTAR Score™ for return forecast.
Dividends paid by constituents to the fund. May differ from actual distributions to shareholders due to constituent changes, timing issues or other factors.
Monthly returns based on changes in price plus dividends. May differ from daily returns reported by funds. See below for standardized returns.